While new builds are great for the housing market, they also come with a few cons. With over 45,000 new builds developed and completed in 2021, more buyers are now eager to choose a new build over an existing property. In this article, we are going to be giving you some further insight into the pros and cons of new build properties.
Advantages of New Build Properties
Let’s start with the positive points about why new build homes are a good option to consider.
1. Easy to unpack when moved in and saves decoration time
Thanks to new build properties, when you have moved in, the home will be freshly completed so there will be little, if anything, to DIY. It's a great option if you live a busy lifestyle or are a family and need to dedicate time to look after children.
2. Warranty
All new build homes will come with a warranty guarantee. This is something you wouldn’t get with an existing property, but it means that you can be covered for certain things, but not everything. The best way to check what you are entitled to be to enquire to your estate agent or the company that was in charge of the development, I.e., Redrow Homes.
3. Low bills
Our final pro, for now, is the low bills. New build properties have to legally comply with all of the latest building health and safety regulations. This results in a far more energy-efficient way to run a home. This means a new and energy-efficient plumbing and electrical system to help you stay safe while saving money!
Disadvantages of New Build Properties
Now for the cons...
4. Delays
One of the biggest risks when it comes to a development timeline is any delays coming into action. This means that moving in can be pushed back which can be stressful and unsettling.
5. Quality and imperfections
Snagging and poor-quality areas of a home can occur if a project has been rushed to completion. This can result in you having to have work done in your new build home which shouldn’t be expected to happen.
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